5 9 Problem 1-04A a-c (Part Level Submission) Nancy Tercek started a delivery service, Sheffield Corp., on June 1, 2020. The following transactions occurred during the month of June. June 1 Stockholders invested $16,900 cash in the business in exchange for common stock. 2 Purchased a used van for deliveries for $14,300. Nancy paid $3,900 cash and signed a note payable for the remaining balance. 3 Paid $300 for office rent for the month. Performed $4,600 of services on account. Declared and paid $400 in cash dividends. Purchased supplies for $300 on account. Received a cash payment of $1,300 for services performed on June 5. Purchased gasoline for $200 on account. Received $1,400 cash for services performed. Made a cash payment of $500 on the note payable. Paid $100 for utilities. Paid for the gasoline purchased on account on June 17. Paid $2,210 for employee salaries. 12 15 17 20 23 26 29 30 Liabilities and Stockholders' Equity Liabilities Accounts Payable 300 Notes Payable 9900 Total Liabilities 10200 > Stockholders' Equity Common Stock 16900 Retained Earnings x Total Stockholders' Equity Total Liabilities and Stockholders' Equity